There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on Martin Marietta Materials (MLM) and MasTec (MTZ) with bullish sentiments.
Martin Marietta Materials (MLM)
Stifel Nicolaus analyst Stanley Elliott reiterated a Buy rating on Martin Marietta Materials yesterday and set a price target of $235. The company’s shares closed yesterday at $176.98.
According to TipRanks.com, Elliott is a 5-star analyst with an average return of 9.4% and a 62.5% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Astec Industries, Generac Holdings, and Oshkosh Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Martin Marietta Materials with a $214.89 average price target.
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MasTec (MTZ)
Stifel Nicolaus analyst Noelle Dilts reiterated a Buy rating on MasTec yesterday and set a price target of $61. The company’s shares closed yesterday at $39.40, close to its 52-week low of $38.03.
Dilts has an average return of 9.2% when recommending MasTec.
According to TipRanks.com, Dilts is ranked #1183 out of 5107 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for MasTec with a $64.25 average price target.
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